From the Context: "Covid-19 [coronavirus disease 2019] rapidly spread across the world in the first half of 2020 after emerging in China in December 2019. While 2020 started with cautious optimism about the prospects for the global economy, the sudden proliferation of the coronavirus forced policymakers to reassess priorities and divert resources towards tackling unexpected health and economic challenges. The disruption has led to profound - possibly permanent - changes to consumer behavior, business processes and global supply chains, with companies adopting remote-working practices or suspending operations completely. Financial services providers have been simultaneously required to accelerate and upgrade digital services and systems while supporting the real economy and mitigating risk. The most agile, innovative and resilient financial service providers could emerge in a strong position for future growth."
Oxford Business Group
Oxford Business Group: https://oxfordbusinessgroup.com/